{"id":41424,"date":"2015-11-17t05:00:33","date_gmt":"2015-11-17t10:00:33","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=41424"},"modified":"2015-11-19t09:08:06","modified_gmt":"2015-11-19t14:08:06","slug":"digital-tools-streamline-audit-efficiency","status":"publish","type":"post","link":"\/\/www.g005e.com\/2015\/11\/17\/digital-tools-streamline-audit-efficiency\/","title":{"rendered":"streamlining audits by breaking old habits"},"content":{"rendered":"

\"senior<\/a>outside help may be warranted, at least initially.<\/strong><\/p>\n

by roman h. kepczyk<\/span><\/i>
\n
quantum of paperless<\/span><\/i><\/a><\/p>\n

traditional audit practices use the previous year\u2019s audit programs and processes updated for the current year as their standard operating plan. eventually this can lead to a significant amount of \u201coverauditing.\u201d breaking this habit is difficult as every level of staff has been trained in the manual processes and falls back on them when deadlines approach.<\/p>\n

more on tech spending:<\/b> why accounts payable should go digital<\/span><\/a> | <\/span>remote deposit is a no-brainer<\/span><\/a> | <\/span>field auditors need right equipment, connections<\/span><\/a> | <\/span>digital workflow systems make tax season easier<\/span><\/a> | <\/span>firms need document management standards<\/span><\/a> | <\/span>back up and check your backup<\/a><\/span><\/p><\/blockquote>\n

many firms have rightfully transitioned to digital \u201cdocument container\u201d applications such as caseware, cch engagement and thomson reuters engagement cs. not all of these firms have changed their approach to reviewing progress on the audit and the financial reporting on a computer screen in a digital format.<\/p>\n

read more →<\/a><\/p>\n